DIRECTORS GUILD DIVESTS FROM FOSSIL FUELS

DGC Health & Welfare Trust shifts portfolio to clean funds & investments

In celebration of Earth Day, Warren P. Sonoda, President of the Directors Guild of Canada, and Clara George, Chair of the Guild’s National Sustainable Climate Action Committee, announced today that the DGC Health & Welfare Trust is divesting from all fossil fuel-related holdings.

“We’re pleased to say, the Trust’s financial advisors have identified alternative equity and income funds to divest from 99% of all fossil fuel-related positions while continuing to meet the plan’s investment policy objectives,” said Sonoda. “This move will transition our investments, now and in the future, to better reflect the vision and values of our members.”

“The Trust approved this shift after months of research on how best to redirecting our assets into clean funds and other fossil-free investments,” added George. “Beyond the 99% divestment position already identified, the Trust’s advisors also have a clear mandate to continue to look for options to achieve total divestment.”

The DGC Health & Welfare holds assets under management for the benefit of the Guild’s more than 5,500 members. The Trust’s member benefits plan – DGC Benefits – provides flexible, affordable and sustainable benefits coverage similar to employer-provided supplemental private insurance. The Trust is funded primarily via producer contributions made on behalf of members working under DGC collective agreements.